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03-24-11 Chart of $SPX and why we care about Dow Theory trends, despite our focus on PEG Growth Fundamentals:

Thursday, March 24, 2011
Here is our analysis of this rally and our prospects to recover the uptrend, from member's site:
No doubt the bulls have the upper hand now. They could always choke.
But, SPX above counterdowntrend upper channel, above 50ema, 50sma and 20sma as well as resistance from March 11 break down. And, our Feb 3 analogy has held up. We're not the only one noting these. Every HFT and Quant Fund has these written into their algorythmic codes. We're pulling back a bit as I write. But Check the chart. Ok, bulls, one time, do you got it in ya? If so, shorts cover, we recover:

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